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URE

Ultra Real Estate

Investment Objective

ProShares Ultra Real Estate seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P Real Estate Select Sector Index.

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Important Considerations

This ProShares ETF seeks daily investment results that correspond, before fees and expenses, to 2x the daily performance of its underlying benchmark (the “Daily Target”).

While the Fund has a daily investment objective, you may hold Fund shares for longer than one day if you believe it is consistent with your goals and risk tolerance.

For any holding period other than a day, your return may be higher or lower than the Daily Target. These differences may be significant. Smaller index gains/losses and higher index volatility contribute to returns worse than the Daily Target. Larger index gains/losses and lower index volatility contribute to returns better than the Daily Target.

The more extreme these factors are, the more they occur together, and the longer your holding period while these factors apply, the more your return will tend to deviate. Investors should consider periodically monitoring their geared fund investments in light of their goals and risk tolerance.

Common uses for magnified exposure

  • Seeking magnified gains (will also magnify losses)

  • Getting a target level of exposure for less cash

  • Overweighting a market segment without additional cash

Documents & Downloads
Fund Fact Sheet
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Annual Report
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Semi Annual Report
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NAV History
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You may order paper copies by contacting ProShares Client Services at 866-PRO-5125 (866-776-5125)

Performance

Daily Return during Q4 2023

Chart is updated nightly to reflect the more recent of the previous day's market closing price or the closing price on the day the fund was last traded.

Total Return

Month-End Total Returns as of 10/31/2023
Fund + Index 1m 3m 6m YTD 1Y 3Y 5Y 10Y Since Inception Inception Date
URE Market Price -6.70% -25.63% -24.36% -23.84% -23.84% -4.11% -5.48% 2.80% -6.55% 01/30/2007
URE NAV -6.64% -25.72% -24.49% -24.02% -23.96% -4.14% -5.52% 2.80% -6.55% 01/30/2007

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Your brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see above.

About the Fund

Snapshot
  • Ticker URE
  • Intraday Ticker URE.IV
  • CUSIP 74347X625
  • Inception Date 1/30/07
  • Gross Expense Ratio 1.04%
  • Net Expense Ratio 0.95%*
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Quarterly
Price
as of 12/05/2023
  • NAV $56.99
  • NAV Change $-0.53 down caret
  • Market Price $56.98
  • Market Price Change $-0.51 down caret
  • Trading Volume (M) 1,821
  • 30-Day Median Bid Ask Spread 0.17%
  • View Premium / Discount
Snapshot
  • Ticker URE
  • Intraday Ticker URE.IV
  • CUSIP 74347X625
  • Inception Date 1/30/07
  • Expense Ratio 0.95%*
  • Gross Expense Ratio 1.04%
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Quarterly
Price
as of 12/05/2023
  • NAV $56.99
  • NAV Change $-0.53 down caret
  • Market Price $56.98
  • Market Price Change $-0.51 down caret
  • Trading Volume (M) 1,821
  • 30-Day Median Bid Ask Spread 0.17%
  • View Premium / Discount

The expense ratio above has a contractual waiver ending 9/30/24.

Exposures

Index as of 9/29/2023

Holdings

as of 12/05/2023

Exposure Weight Ticker Description Exposure Value
(Notional + GL)		 Market Value Shares/Contracts SEDOL Number
58.39% -- REAL ESTATE SELECT SECTOR INDEX SWAP UBS AG 36,070,807 -- 193,596 --
23.93% -- REAL ESTATE SELECT SECTOR INDEX SWAP BANK OF AMERICA NA 14,780,207 -- 79,327 --
23.60% -- REAL ESTATE SELECT SECTOR INDEX SWAP BNP PARIBAS 14,579,167 -- 78,248 --
10.72% -- REAL ESTATE SELECT SECTOR INDEX SWAP GOLDMAN SACHS INTERNATIONAL 6,619,204 -- 35,526 --
8.22% PLD PROLOGIS INC -- $5,078,931.90 42,806 B44WZD7
7.36% AMT AMERICAN TOWER CORP -- $4,544,645.59 21,599 B7FBFL2
6.38% -- REAL ESTATE SELECT SECTOR INDEX SWAP SOCIETE GENERALE 3,938,246 -- 21,137 --
5.76% EQIX EQUINIX INC -- $3,561,115.80 4,335 BVLZX12
5.47% -- REAL ESTATE SELECT SECTOR INDEX SWAP CITIBANK NA 3,380,404 -- 18,143 --
3.84% CCI CROWN CASTLE INC -- $2,370,087.30 20,094 BTGQCX1
3.72% WELL WELLTOWER INC -- $2,296,793.52 25,554 BYVYHH4
3.21% SPG SIMON PROPERTY GROUP INC -- $1,982,624.80 15,160 2812452
3.19% PSA PUBLIC STORAGE -- $1,971,061.56 7,332 2852533
3.15% DLR DIGITAL REALTY TRUST INC -- $1,945,125.68 14,026 B03GQS4
2.92% O REALTY INCOME CORP -- $1,803,462.96 32,838 2724193
2.58% CSGP COSTAR GROUP INC -- $1,592,118.00 18,920 2262864
2.30% VICI VICI PROPERTIES INC -- $1,420,888.56 46,956 BYWH073
2.16% EXR EXTRA SPACE STORAGE INC -- $1,331,878.77 9,781 B02HWR9
2.04% SBAC SBA COMMUNICATIONS CORP -- $1,257,458.58 5,022 BZ6TS23
1.89% CBRE CBRE GROUP INC - A -- $1,164,415.16 14,356 B6WVMH3
1.87% AVB AVALONBAY COMMUNITIES INC -- $1,156,500.80 6,580 2131179
1.71% WY WEYERHAEUSER CO -- $1,059,103.92 33,848 2958936
1.51% EQR EQUITY RESIDENTIAL -- $930,893.25 15,981 2319157
1.44% IRM IRON MOUNTAIN INC -- $892,382.77 13,523 BVFTF03
1.44% INVH INVITATION HOMES INC -- $887,278.37 26,653 BD81GW9
1.42% VTR VENTAS INC -- $875,149.36 18,644 2927925
1.40% ARE ALEXANDRIA REAL ESTATE EQUIT -- $863,707.65 7,215 2009210
1.11% MAA MID-AMERICA APARTMENT COMM -- $683,588.70 5,406 2589132
1.07% ESS ESSEX PROPERTY TRUST INC -- $658,770.74 2,974 2316619
0.96% KIM KIMCO REALTY CORP -- $589,949.88 28,722 2491594
0.94% HST HOST HOTELS & RESORTS INC -- $582,944.96 32,972 2567503
0.80% REG REGENCY CENTERS CORP -- $491,419.15 7,613 2726177
0.79% UDR UDR INC -- $485,114.30 14,045 2727910
0.75% PEAK HEALTHPEAK PROPERTIES INC -- $465,370.92 25,347 BJBLRK3
0.75% CPT CAMDEN PROPERTY TRUST -- $460,268.88 4,947 2166320
0.67% BXP BOSTON PROPERTIES INC -- $414,460.26 6,687 2019479
0.55% FRT FEDERAL REALTY INVS TRUST -- $339,218.00 3,400 BN7P9B2
-- -- NET OTHER ASSETS (LIABILITIES) -- $17,615,929.71 17,615,930 --
Download Holdings (.csv)This links to a pdf fileThis link opens a new window

Index

as of 9/29/2023

  • Total Number of Companies31
  • Price/Earnings Ratio16.797
  • Price/Book Ratio2.643
  • Dividend Yield ( % )3.87
  • Avg. Index Market Capitalization$27.94 billion
About the Index

The Index represents the real estate sector of the S&P 500 Index (“S&P 500”). The Index is one of eleven S&P Select Sector Indices, each designed to measure the performance of a sector of the S&P 500. The Index includes equity securities of companies from the following Global Industry Classification Standard (GICS®) industries: equity real estate investment trusts (REITs) and real estate management & development.

Derivative contracts are priced to reflect the underlying index yield and will not generate dividend income. Because ProShares invest in derivatives, they will not have dividend distributions that reflect those of their applicable indexes.

Distributions

For

2023
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
Ex-Dividend Date Record Date Payable Date Dividend Long-Term Capital Gain Short-Term Capital Gain Return of Capital

Portfolio Hedging Series

Part I: The Significance of Portfolio Hedging

Investing involves risk. Market downturns will happen. Having a sound investment strategy can help smooth out the turbulence in your portfolio and save you from getting caught up in a herd mentality of selling low into a down market.
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Part II: Strategies for Hedging Your Portfolio

Part III: The Efficacy of Hedging with Inverse ETFs
Get the latest perspectives and updates.

For the total return table above, since inception returns are cumulative for funds less than one year old; otherwise, returns are annualized. Market returns are based on the composite closing price and do not represent the returns you would receive if you traded shares at other times. The listing date is typically one or more days after the fund inception date. Therefore, NAV is used to calculate market returns prior to the listing date.

The expense ratio for certain funds includes a contractual fee waiver that results in a lower net expense ratio for some or all periods shown. For information about this ETF’s fees, please see above.

Holdings are subject to change. ProShares may invest in financial instruments (including derivatives) that, in combination, should have daily price return characteristics similar to the fund's benchmark.

Registered Investment Companies are required by the IRS to distribute substantially all of their income and capital gains to shareholders at least annually. For specific tax advice, we recommend you speak with a qualified tax professional.

This ProShares ETF seeks daily investment results that correspond, before fees and expenses, to 2x the daily performance of its underlying benchmark (the “Daily Target”). While the Fund has a daily investment objective, you may hold Fund shares for longer than one day if you believe it is consistent with your goals and risk tolerance. For any holding period other than a day, your return may be higher or lower than the Daily Target. These differences may be significant. Smaller index gains/losses and higher index volatility contribute to returns worse than the Daily Target. Larger index gains/losses and lower index volatility contribute to returns better than the Daily Target. The more extreme these factors are, the more they occur together, and the longer your holding period while these factors apply, the more your return will tend to deviate. Investors should consider periodically monitoring their geared fund investments in light of their goals and risk tolerance.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Your brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see above.

Index information does not reflect any management fees, transaction costs or expenses. Indexes are unmanaged, and one cannot invest directly in an index.

There is no guarantee that capital gain distributions will not be made in the future. There is no guarantee that dividends or interest income will be paid.

There is no guarantee any ProShares ETF will achieve its investment objective.

Shares of any ETF are generally bought and sold at market price (not NAV) and are not individually redeemed from the fund. Your brokerage commissions will reduce returns.

Investing involves risk, including the possible loss of principal. Leveraged ProShares ETFs are non-diversified and entail certain risks, including risk associated with the use of derivatives (swap agreements, futures contracts and similar instruments), imperfect benchmark correlation, leverage and market price variance, all of which can increase volatility and decrease performance. Please see their summary and full prospectuses for a more complete description of risks.

The fund concentrates its investments in certain sectors. Narrowly focused investments typically exhibit higher volatility.

Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing.

Quote data provided by Interactive Data - Real Time Services, Inc. and subject to terms of use.

ProShares are distributed by SEI Investments Distribution Co. ("SIDCO"), which is not affiliated with the funds' advisor or sponsor. SIDCO is located at 1 Freedom Valley Drive, Oaks, PA 19456.

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